Coin Community Family of Web Sites Join Thousands of Coin, Bullion, & Money Collectors
Royal Estate Auctions - $1 Coin AuctionsCoin, Banknote and Medal Collectors's Online Mall 300,000 items to help build your collection! Royal Canadian Mint products, Canadian, Polish, American, and world coins and banknotes. Join Thousands of Coin, Bullion, & Money Collectors Vancouvers #1 Coin and Paper Money Dealer Specializing in Modern Numismatics








Username:
Password:
Save Password
Forgot your Password?


This page may contain links that result in small commissions to keep this free site up and running.

Welcome Guest! Registering and/or logging in will remove the anchor (bottom) ads. It's Free!

It's Time To Stop Purchasing Raw Coins From Local Coin Shops

To participate in the forum you must log in or register.
Author Previous TopicReplies: 138 / Views: 19,713Next Topic
Page: of 10
Pillar of the Community
MikeF's Avatar
United States
3479 Posts
 Posted 05/06/2018  11:03 pm  Show Profile   Bookmark this reply Add MikeF to your friends list Get a Link to this Reply

Quote:
You're probably 100% correct, I guess all I can say is at least You didn't get taken advantage of. Pawn shops are so hit and miss I usually end up avoiding them.


I've had great experiences with them in Kansas City. 2 of them call me when they get new stuff in. I've said it before but you have to find the ones that are looking to move inventory quickly. These aren't the guys that have 4 cases of them with 3 racks per case like this guy in PA. Funny but I just went back and read his yelp reviews and found another complaint about the guy using his dead brother as a sob story to get more money out of people.

From yelp:
Wish I could give zero stars. This place is a joke. The building is a complete eyesore and only keeps his shop open by ripping off vulnerable people. He'll give you a sob story about his brother messing with him over etc., the has two BMWs. Last time I was there I was carrying some things with me in a plastic bag (things I bought from his store), when the bag tore I asked for a new one, he said "sorry, those kinds of bags are hard to come by. I don't have another one to give you." A plastic bag? Really? Meanwhile his employees were laughing about it. If you're looking for old games, movies, or vinyl I strongly suggest going to the game store on Main Street. They are great people and their prices are better than Arcus with even better customer service.
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 05/06/2018  11:07 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
From what I understand, resubmissions are not tracked/recorded as such, so the final data would only show a coin graded 62 and one at 65 and you wouldn't know it may have actually been the same coin. So, yeah, you won't find any statistics in that regard. I could be wrong, as well.

I know dealers who have told me they have played this game quite a few times. this especially will happen with coins that are close to being labeled as something worth much, much more at the higher level. One of the dealers I know said he has gone as many as 14 times before the grade came back at the level he wanted.

After all, as has been said already, the system is subjective.

Remember resubmissions also bring in money for the company. So even if they could come up with a way of tracking the coin, it would not be in their best interest, as far as profit goes, to do so. Hopefully they would do the honorable thing.


Two of the dealers I know and trust as friends were both TPG graders. Both, at separate times, told me:
They were always rushed b/c they were being paid by how many coins they graded per day, hence the time spent on each coin was far from the youtube video I once saw of a bunch of guys sitting around a table discussing a coin's grade. And they both quit grading for the TPG b/c they did not want their own reputations to be hindered by association if the facts were known.

One of them also told me he wondered why it was consistent each year that the monster boxes of ASEs sent in would come back a pretty consistent 20% being MS70. He started asking other dealers at shows and they came up with the same figures. He said he is conviced they just pull 20% out and label them from this experience.

If you want to know who told me about the ASEs, he is the owner of Antietem Coin Exchange in Hagerstown, MD. He has a good business and is highly respected in this area and a pretty well known dealer. He told me he stil will send in coins if he thinks the label will maximize profits, so its not like he does not use them or actively is trying to badmouth the places.


And I am sorry Basebal as I know you don't like me sharing this information, but it is what I was told from two separate large dealers. One of which I have known and trusted since I was a student in his science class during my ninth grade year. The other person (Antietam...) has a respected profession in law enforcement.

I have absolutely no reason not to consider what these men say as being factual. Even considering their professions, their intelligence shows. Until there is proof to the opposite, its the only thing I have to go on...eyewitness reports.







How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Pillar of the Community
Optimist-numismatist's Avatar
Canada
683 Posts
 Posted 05/06/2018  11:12 pm  Show Profile   Bookmark this reply Add Optimist-numismatist to your friends list Get a Link to this Reply

Quote:
.I've had great experiences with them in Kansas City. 2 of them call me when they get new stuff in. I've said it before but you have to find the ones that are looking to move inventory quickly. These aren't the guys that have 4 cases of them with 3 racks per case like this guy in PA. Funny but I just went back and read his yelp reviews and found another complaint about the guy using his dead brother as a sob story to get more money out of people.

From yelp:
Wish I could give zero stars. This place is a joke. The building is a complete eyesore and only keeps his shop open by ripping off vulnerable people. He'll give you a sob story about his brother messing with him over etc., the has two BMWs. Last time I was there I was carrying some things with me in a plastic bag (things I bought from his store), when the bag tore I asked for a new one, he said "sorry, those kinds of bags are hard to come by. I don't have another one to give you." A plastic bag? Really? Meanwhile his employees were laughing about it. If you're looking for old games, movies, or vinyl I strongly suggest going to the game store on Main Street. They are great people and their prices are better than Arcus with even better customer service.




Sounds like quite the character, but you do make a fair point, even the pawn shop that I used to frequent some years back (was the only place for a ten year old Me to buy coins and I didn't know about price guides and such) had the odd deal or so. I may check it out again for old time sake.
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/06/2018  11:13 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
And I am sorry Basebal as I know you don't like me sharing this information, but it is what I was told from two separate large dealers.


I just flat out don't believe it because I know half if not all of it isn't true.

What are the two dealers names, where did they work and what years? Provide that so it can be verified and I'll believe it
Edited by basebal21
05/06/2018 11:34 pm
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 05/06/2018  11:35 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
I already listed the one man as the owner of Antietam Coin Exchange in Hagerstown, MD. Its on the web.

The other man is Raymond Wasosky who was owner of Certified Coins in Erie, PA. He opened the shop in the 70s and he sold the business there sometime in the late 80s when he moved from the area. During the silver rush of the 80s, Ray did very well (as did a lot of people buying masses of silver back then). The last I talked with him is just a little after joining CCF when I returned to the hobby seriously. He is not currently ("uh huh" says his wife!) a coin dealer since he says he has retired from it.

Since I had been gone from the hobby, slabs were now much, much more prominent so I went to the most reliable and expert sources I personally knew I could trust for information on getting back in step with the hobby in this new millenium.



Quote:
I just flat out don't believe it because I know half if not all of it isn't true.

I would appreciate your sources as well so I can research the other side of the coin.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
05/06/2018 11:39 pm
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/07/2018  12:04 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
I already listed the one man as the owner of Antietam Coin Exchange in Hagerstown, MD. Its on the web.

The other man is Raymond Wasosky who was owner of Certified Coins in Erie, PA. He opened the shop in the 70s and he sold the business there sometime in the late 80s when he moved from the area.


Post the first guys name since you're so sure, and what TPGs do they claim to have graded for and when?

It's not a complicated question but avoiding it like this tells me everything I need to know

You say they claim to have been TPG graders, so for who and when?
Edited by basebal21
05/07/2018 12:07 am
Bedrock of the Community
Learn More...
spru's Avatar
United States
12477 Posts
 Posted 05/07/2018  12:09 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
Post the first guys name...


It took about three minutes, but I believe it's Rich Moyer, or someone related to him. I found the name in a review.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Edited by spru
05/07/2018 12:10 am
Pillar of the Community
kbbpll's Avatar
United States
4233 Posts
 Posted 05/07/2018  12:25 am  Show Profile   Bookmark this reply Add kbbpll to your friends list Get a Link to this Reply
Let's not this "20% MS70" thing again, OK? failing that, how do I un-?
Bedrock of the Community
Learn More...
spru's Avatar
United States
12477 Posts
 Posted 05/07/2018  12:50 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
how do I un-?


I think you already did that with

Or maybe

In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/07/2018  02:06 am  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
It took about three minutes, but I believe it's Rich Moyer, or someone related to him. I found the name in a review.


When someone tries to discredit grading from former graders those names and companies and time frames need to be public to be verified. It wouldn't take long to figure out
Bedrock of the Community
Learn More...
spru's Avatar
United States
12477 Posts
 Posted 05/07/2018  03:09 am  Show Profile   Check spru's eBay Listings Bookmark this reply Add spru to your friends list Get a Link to this Reply

Quote:
When someone tries to discredit grading from former graders those names and companies and time frames need to be public to be verified. It wouldn't take long to figure out


I'm not sure what your point is. I used the internet to find that name. I don't have any vested interest, otherwise. Steer your comments toward someone else. I simply did the little work that you did not do to, at least, find out the surname of the person mentioned as the owner and then go beyond.
In Memory of Crazyb0 12-26-1951 to 7-27-2020
In Memory of Tootallious 3-31-1964 to 4-15-2020
In Memory of T-BOP 10-12-1949 to 1-19-2024
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 05/07/2018  6:54 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:
It's not a complicated question but avoiding it like this tells me everything I need to know

Sorry I did not mean to do anything but give you what you asked. I am sorry you took me posting the business Rich currently owns as trying to avoid...what?

Please just ask me anything and don't jump to conclusions. I will gladly answer, and will gladly tell you when I do not know the answer.



Quote:
What are the two dealers names, where did they work and what years? Provide that so it can be verified and I'll believe it


As I said, if I don't know something, I will be glad to say so. I don't know the specific company(ies?) either man graded for. When I was getting back into the hobby there were a lot of important things on my mind to catch up on.

However... you now have the info you needed to contact Rich. Ask him, he likes talking coins!

As to Ray, since he has retired, I do not know if he would want his personal info shared. However,I can try to find his email again (was on my former computer and lost) and ask if he would mind me giving his email to you so you can talk.

Everything else I asked them about was pretty much the same answers as well. I asked about everything I could think of from best storage options, trends on key coins, and how ebay was changing the hobby.

Also, you must have overlooked the following when I posted last time:

Quote:
I would appreciate your sources as well so I can research the other side of the coin.

Thanks ahead of time.





How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Bedrock of the Community
basebal21's Avatar
13014 Posts
 Posted 05/07/2018  7:59 pm  Show Profile   Bookmark this reply Add basebal21 to your friends list Get a Link to this Reply

Quote:
As I said, if I don't know something, I will be glad to say so. I don't know the specific company(ies?) either man graded for. When I was getting back into the hobby there were a lot of important things on my mind to catch up on.

However... you now have the info you needed to contact Rich. Ask him, he likes talking coins!

As to Ray, since he has retired, I do not know if he would want his personal info shared. However,I can try to find his email again (was on my former computer and lost) and ask if he would mind me giving his email to you so you can talk.


Here's the point I have been getting at, you keep stating this yet anyone can claim anything they want too. There are former graders that post on the various forums and it's not a secret. A simple name and the company they worked for to verify the claims will suffice, if they refuse to name a company or when than no weight should be put into the claim.

I don't need any personal contact info for any of them, just their names and who they graded for and when is what I am asking for. I don't know if any of those guys ever actually said any of it, but without any confirmation they were actual graders its just another meaningless rumor
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 05/07/2018  9:10 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply
Since you want the info - go for it!

Get it straight from Rich here...
It's-Time-To-Stop-Purchasing-Raw-Coins-From-Local-Coin-Shops

Do you want me to find Ray's email and ask if he minds your contacting him? Again - straight from the source.

Me being a middle man in this situation has only brought more and more requests. So going straight to the source would likely be the best.
How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
Edited by Earle42
05/07/2018 9:18 pm
Bedrock of the Community
Earle42's Avatar
United States
10038 Posts
 Posted 05/07/2018  9:13 pm  Show Profile   Bookmark this reply Add Earle42 to your friends list Get a Link to this Reply

Quote:

Quote:
I would appreciate your sources as well so I can research the other side of the coin.

Thanks ahead of time.



Third time...please give us the sources.

How much squash could a Sasquatch squash if a Sasquatch would squash squash?
Download and read: Grading the graders
Costly TPG ineptitude and No FG Kennedy halves
https://ln5.sync.com/dl/7ca91bdd0/w...i3b-rbj9fir2
  Previous TopicReplies: 138 / Views: 19,713Next Topic
Page: of 10

To participate in the forum you must log in or register.



    




Disclaimer: While a tremendous amount of effort goes into ensuring the accuracy of the information contained in this site, Coin Community assumes no liability for errors. Copyright 2005 - 2026 Coin Community Family- all rights reserved worldwide. Use of any images or content on this website without prior written permission of Coin Community or the original lender is strictly prohibited.
Contact Us  |  Advertise Here  |  Privacy Policy / Terms of Use

Coin Community Forum © 2005 - 2026 Coin Community Forums
It took 0.51 seconds to rattle this change. Forums